An Organization Should Design Its Management Control System Independently of Its

question 27

True/False

An organization should design its management control system independently of its strategies, so that the system is not affected by change of strategies in future.

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Definitions:

Job Evaluations

A systematic process for determining the relative worth or value of a job within an organization, often to ensure fair compensation.

Compensation Practices

The methods and guidelines businesses use to determine how to compensate their employees effectively and fairly.

Effectiveness Criteria

Standards or metrics used to assess the success or performance of an employee, project, or organization in achieving its goals.

Reward System

A set of mechanisms for distributing both tangible and intangible returns as part of an employment relationship.